Of particular interest this week:
China – demystifying economics
China – industrial output
Copper Grasberg Cu output ‘normal’ while FCX negotiates export conditions with Indonesia.
Nickel Axiom (AVQ) to secure funding prior to first Ni laterite ore shipments.
Zinc & Lead Zn well down path of supply adjustment, except New Orleans. Sth Korea Pb smelter capacity.
Tin Indonesia to audit eight Sn smelters capacity vs production, checking for illegal suppliers.
Aluminium 2016 supply growth may match demand.
Gold Venezuela’s central bank negotiating with Deutsche Bank.
Platinum & Palladium Reviving the old agreement for Norilsk to buy Russia’s central bank’s Pd.
Oil An agreement between OPEC and Russia … was never really on.
Coal HCC contract prices to increase in coming Qtrs. Japan index linking more thermal contracts
Iron Ore Iron ore price gain this week, best since April.
Shipping BDI at lowest level in over 15 years.
China – De-Mystifying China Economics – It is better than it looks.
China – Industrial output – as before down on bulks/building but up on consumer items.
USA – PMI – New Orders leading upwards.
USA – Construction Spending: strong positive growth.